John S. Hendricks Sells 71,720 Shares of CuriosityStream Inc. (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) Director John S. Hendricks sold 71,720 shares of CuriosityStream stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.07, for a total transaction of $435,340.40. Following the sale, the director now owns 20,791,055 shares in the company, valued at $126,201,703.85. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CuriosityStream Price Performance

Shares of CuriosityStream stock opened at $5.82 on Tuesday. The firm’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $2.97. The stock has a market capitalization of $335.38 million, a price-to-earnings ratio of -20.78 and a beta of 1.79. CuriosityStream Inc. has a 12 month low of $0.98 and a 12 month high of $7.15.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $15.09 million for the quarter, compared to the consensus estimate of $14.95 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. Analysts anticipate that CuriosityStream Inc. will post -0.2 earnings per share for the current year.

CuriosityStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Friday, June 6th. CuriosityStream’s dividend payout ratio is currently -228.57%.

Hedge Funds Weigh In On CuriosityStream

Several institutional investors have recently added to or reduced their stakes in CURI. Cubist Systematic Strategies LLC lifted its position in CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock worth $42,000 after acquiring an additional 10,722 shares during the period. Geode Capital Management LLC increased its holdings in shares of CuriosityStream by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock valued at $506,000 after purchasing an additional 7,669 shares during the period. Renaissance Technologies LLC raised its stake in shares of CuriosityStream by 9.7% during the fourth quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock worth $720,000 after purchasing an additional 41,454 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of CuriosityStream during the fourth quarter worth approximately $28,000. Finally, Manatuck Hill Partners LLC lifted its holdings in shares of CuriosityStream by 14.4% during the fourth quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company’s stock worth $842,000 after purchasing an additional 69,100 shares during the period. Institutional investors and hedge funds own 6.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barrington Research raised CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a report on Wednesday, May 7th. Needham & Company LLC raised their price target on CuriosityStream from $2.95 to $4.80 and gave the stock a “buy” rating in a research note on Wednesday, May 7th.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.